Amtrak in the Red, as Taxpayers On the Hook for Enormous Overtime Costs
The economy is struggling to regain footing after a recent report that gross domestic product fell at a 1% annual rate, vs. the 0.1% increase first estimated earlier in the year. This pain is being felt by the millions of Americans who continue to look for a job and those that have a job try to make ends meet with fewer dollars. Government officials seem oblivious to the dire economic straits as the President proposes new regulations and Congress fails to cut spending. But, probably the most out-of-touch government entity is Amtrak, which continues to lose more money and ask for more from taxpayers. The Taxpayers Protection Alliance uncovered astonishing overtime numbers that show that thousands of employees receive more than $35,000 in overtime compensation. The House Transportation, Housing and Urban Development Appropriations (THUD) Bill for fiscal year (FY) 2015 details the alarming overtime figures. In 2013, Amtrak paid out more than $185 million in overtime expenses. Of that amount, $49 million was paid to 1,022 employees who accrued more than $35,000 in overtime. Doing some simple math, that means each employee averaged $47,000 in overtime. With an average salary of more than $80,000, these overtime expenses push those salaries to more than $120,000. This revelation comes at a time when Amtrak is projecting losses and looking for $1.19 billion in operating costs and capital expenses. The deficits Amtrak has been running are nothing to take lightly, the specific numbers should call into question why exactly taxpayers are continuing to subsidize something that loses hundreds of millions of dollars each year